Banpu targets power plant acquisitions to boost electricity generation assets
MONDAY, MARCH 17, 2014
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Banpu is expected to acquire one or two power plants this year, while targeting assets from the power-generation business to reach 35 per cent of the total by 2016, up from 25 per cent now.
Chief executive officer Chanin Vongkusolkit said the company had seen investment opportunities through mergers and acquisitions after the coal price bottomed out. The price is now US$74 per tonne, up $2 from last year’s.